HomeMy WebLinkAboutMinutes - 1960/09/29EXTRACT OF MINUTES OF 1EETIu:;
OF THIE VILLA ;E COUNCIL OF ir1E
VILLA;;E OF MOUODS VIEW, MINNESOTA
Pursuant to due call and notice hereof, a special meeting
of the Village Council of the Village of Mounds View, Minnesota, was
at the Village offices in said Village on Thursday, September 29,
1960, at 7:00 P.M., with the following members present:
Crane, Smith, Hodges, Christensen, and Malvin
and the following members abse;.t:
None
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The engineer then reported on the Lids submitted for the
construction of Waterworks Improvement No. 1:)60 -3 submitted on Monday,
September 26, 1960, together with iris recommendations thereon. The
Council then proceeded to consider said improvement and the construc
tion bids heretofore received.
Member C introduced the following resolution
and moved its adoption:
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RESOLUTION"lti L,i\ IY7u CuNS','[tUC`!ION BIDS;
AWARDING A CONTRACT FOR CONSTRUCTION OF WATER WORKS
IMPROVEMENT NO. 1960 3 DETERMINING THE TOTAL COST
OF WATER WORKS IMPROVEMENTS NO. 1960 1, 2 and 3
AND CALLING FOR THE SALE OF BONDS.
BE IT RESOLVED By the Village Council of the Village of
Mounds View, Minnesota as follows:
(1) That it is hereby found, determined and declared that
the lowest two bids submitted by responsible contractors for the
construction of the respective schedules of work of Water Works Improve-
ment No. 1960 3 are as follows:
BIDDER SCHEDULE PRICE
Herbst Construction Co.
Minneapolis, Minnesota $199,393.00
Austin P. Keller
St. Paul, Minnesota $103,880.30
(2) That the contracts for the construction of Water Works
Improvement No. 1960 3 are hereby awarded to the lowest bidder for
each respective schedule of work; and the Clerk is hereby authorized
and directed to return the bid deposits of all bidders except the
lowest two bidders of each schedule of work. The bid deposits of the
lowest two bidders of each respective schedule shall be retained pending
the execution of contracts.
(3) The Mayor and Clerk are hereby authorized to enter into
contracts with the low bidder for each schedule of work upon said bidder
furnishing a satisfactory corporate surety bond conditioned upon the
satisfactory performance of the work according to plans and specifications
and otherwise as required by law.
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(4) It is hereby found, determined and declared that t.n,
total cost of Waterworks Improvement No. 1960 3, including contract
costs, legal, engineering and fiscal cos'ts,incidental and contingent
costs, and $6,420.00 for intereeL dur.iny c.;nst_ruc,.i. a $265,745
that not less than $235,000 of the cost of ::aid improvement will be
assessed against properties specially benefited by said improvement,
payable in 15 equal installments with interest at the rate of 6 per
cent per annum from the date of ttin adoption of said assessments to
December 31, 1962, to be added to the fist installment, and one year's
interest on the unpaid balance to be added to each subsequent install-
ment; that it is hereby determined that not leas than $000 of said
special assessments will be prepaid and available for payment of con-
struction costs.
(5) It is hereby found, determined and declared that the
total cost of Waterworks Improvement No. 1960 2, including contract
costs, legal, engineering and fiscal cost, incidental and contingent
costs, and $8,580.00 for interest during construction is $321,288;
that not less than $284,000 of the cost of said improvement will be
assessed against properties specially benefited by said improvement,
payable in 15 equal installments with interest at the rate of 6 per
cent per annum from the date of the adoption of said assessments to
December 31, 1961, to be added to the first installment, and one year's
interest on the unpaid balance to be added to each subsequent install-
ment; that it is hereby determined that not less than $40,600 of said
special assessments will be prepaid and available for payment of con-
struction costs.
(6) The previously determined cost of Waterworks Improve-
ment No. 1960 1 ($701,367) should be and is hereby increased to
$756,312 by reason of additional expense incurred or to be incurred
in the construction of mains connecting the wells to the water storage
facilities and other appurtenances to the water supply and storage
facilities. It is further determined and declared that the amount of
assessments levied against property specially benefited by said improve-
ments (adopted and confirmed September 12, 1960) is $512,620 or $82,620.
greater than previously estimated, which additional assessments will be
payable in cash, without interest, if paid within thirty days after
adoption or in 15 equal installments with interest at the rate of 6 per
cent per annum from date of adoption to December 31, 1961 to be added
to the first installment and one year's interest to each subsequent
installment.
(7) To defray the e;penses incurred or to beincurred in
the construction of Waterworks Improvements No. 1960 1, 2 and 3,
it is hereby found, determined and declared that it is necessary and
expedient for the Village -o borrow money and issue its general obli-
gation, negotiable coupon, Waterworks Improvement Bonds in the amount
of $585,000; and that this Council shall meet at the time and place
specified in the form of notice hereinafter contained for the purpose
of receiving and considering sealed bids for and awarding the sale of
said bonds and that the Clerk is hereby authorized and directed to cause
notice of said meeting to be published in the official newspaper and
in Commercial West, published in Minneapolis, Minnesota, at least once
not later than 10 days prior to she date of said meeting, which notice
shall be in substantially the following form:
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